Cazenove, Citi, Credit Suisse, Goldman, Hedge Funds
More in BUSINESS NEWS
back-up- 'Their Staff...Were Making A Lot More (Than Ours). That Won't Last'
- The So-Called 'Greedy' Lehman Bonus E-Mail
- Support Staff Need Not Wait To Get Their Reward
- CenterFuld - Lehman Boss In The Dock
- The 2008 Best CTO / CIO Poll - First League Table
- M&A - Top Dogs Around The World
- An Oldie, But Goodie During These Difficult Times
- Richard Fuld's Statement To The Congressional Committee (In Full)
- Citi Sues Over Wachovia - For $60bn!
- Fear Not, There Are Jobs Out There
- Featured Recruiter - Martin Ward Anderson
- If Your Firm Was A Monopoly Property.....
- Click Here To Register For Free News E-Mail Alerts
- 'Never Mind Your Bonus' - The First Here Is The City Book
- Layoffs - The Definitive Job Loss League Table (The Very Latest)
- Top Firm Accused Of Bringing Down Lehman
- Top Boss Says Bonuses Will Be 'Solid', But 'Smaller'
- Hedge Fund Makes Single $2.5bn Winning Trade
- 'This Was As Cogent A Case Of Murder As Might Be Imagined'
- 'This Hodge-Podge Of Regulations...(Will) Put Many (Banks) Off Participating'
- Wacha-Gotcha-Notcha-ovia - Bun Fight For Wachovia
- Top Worldwide M&A Legal Advisors - Year To Date
- Citigroup Threatens Legal Action Over Wachovia (Citi Statement)
- Wells Fargo Press Release On The Wachovia 'Acquisition'
- Owed Money By Lehman, & Are Struggling To Find Out What's Going On ?
- Out Of A Job, Out Of Pocket & Out For Blood
- 'In The Land Of The Laid-Off, The Hiring Firm Is King'
- UBS Confirms 2,000 Job Losses / Closure Of Commodities Unit
- A Wall Street Funny
- Worldwide M&A League Table - Year To Date
- Super Hedge Fund Manager Continues To Defy The Odds
- Fuld, Thain, BNP, SocGen, Morgan Stanley, Raymond James, Shorts
- 'My Firm Will Never Fire Me. I'm Untouchable!'
- 'I Felt Sick When I Saw Them Taking Down The Lehman Signage'
- More Writedowns Expected, Hedge Funds Suffer
- 'We Need A Reality Check'
- 'There Is Only One End To The World, And This Isn't It'
- Top Firm Said Close To Cutting 1,900 Jobs
- 'Masters Of The Universe' Should Give Back Their Bonuses
- Bank Makes Paper Loss Of $506m On Morgan Stanley On First Day
- Citi Acquires Wachovia Units
- Unemployment, Depression & Suicide - Bankers In Crisis
- 'During This Difficult Conversation With Me, He (Dick Fuld) Cried'
- Fortis Rescued, As Parts Of ABN Will Be Sold Again
- And The Financial Markets Institution Of The Year Is....
- Investment Banking Is Just Like Marriage - Divorce Is Painful
- Citi's Board Said To Be Considering Big Acquisition
- Statement By US Treasury Secretary 'Hank' Paulson
- Some Of Your Views On Recent Events
- 'At Worse, As In The Depression, The Economy Collapses'
Related Content
- AIG, BofA, Citi, JPMorgan Cazenove, Morgan Stanley, WaMu (23/09/2008)
- More Writedowns Expected, Hedge Funds Suffer (01/10/2008)
- Investigators Probing Ex-Credit Suisse Bankers (10/07/2008)
- Fortis, Legg Mason, Macquarie, Morgan Stanley, UBS, Hedge Funds (21/09/2008)
- BNP Could Buy Dresdner, Credit Suisse Boss Defends 'One Bank' (15/07/2008)
- Barclays, Credit Suisse, Deutsche, KKR, Lehman, Merrill, RBS (14/08/2008)
MarketWatch reports that Citi has come out again and insisted that it has no intention of breaking up the company. Following calls last week from the American Federation of State, County and Municipal Employees' Pension Plan that Citi's board do just that, firm CFO Gary Crittenden said: 'We don't think a split of the company is a right way for us to go'.
The Wall Street Journal reports that Credit Suisse posted its second-quarter profits Thursday. Net profit for the period came in down 62% at $1.17bn, but the investment banking unit returned to profit ($270m). Firm CFO Renato Fassbind told journalists on a media call: 'We are well-positioned for challenging markets......As some of our competitors question their business model, our strategy is clear (the 'One Bank' model)'.
The Financial Times reports that Goldman Sachs has raised some $10bn to invest in loans financing leveraged buy-outs.
Finally, Bloomberg reports that, according to the Monetary Authority of Singapore, hedge fund assets in Singapore over doubled to $59bn as at the end of 2007.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
